7 months on rocket

1445 Calumet Ave, Los Angeles, CA, 90026

$2,300,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
7 Baths
3,144 SqFt
$732/SqFt
House
Schools Nearby

Location

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1445 Calumet Ave, Los Angeles$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1922
HeatingForced Air
CoolingNone
MLS #23314985
Lot Size0.15 Acres
StatusActive

About 1445 Calumet Ave

This private, charming, turnkey investment, with current annual NOI over $111,000/yr. could be yours. Sheltered behind a tall privacy hedge in the Angelino Heights HPOZ, sits 7 individual, well-maintained Craftsman single family bungalows, each with their own private deck and outdoor space. These units were fully renovated in 2003 and converted into open concept studios; with vaulted ceilings, exposed beams and wood floors and windows. Because of its location in prime Echo Park, and its proximity to high-end amenities (newly renovated Echo Park lake, Lassen's, and multiple bars and restaurants), these units rent quickly. Well-maintained with newer roofs, sewer lines and decks. There is still quite a bit of upside. Units are SFR so possible TIC candidate. Total projected 2024 rent for all 7 units: $177,092/ yr. Pro forma rent: $247,221/ yr. (7.81% Cap rate). Current cap rate 4.86%. Permit history, general and sewer inspections, and rent rolls available for viewing.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1922
  • Stories: 1
  • Living Area: 3,144 SqFt

Listing Office:

  • Office Name: Sotheby's International Realty
  • Office Phone: (323) 665-1700
  • Listing Agent: Emily Johnson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator
  • Flooring Type: Wood
  • Interior: Ceiling Fan(s), Cathedral Ceiling(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

School Info

Assigned Schools Information:

  • Edward R. Roybal Learning Center, Public District Grades 9-12
  • Belmont Senior High School, Public District Grades 9-12
  • Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
  • Sal Castro Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Betty Plasencia Elementary School, Public Magnet Grades KG-6
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: East of Echo Park, west of Douglas, between Bellevue and Sunset.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000
  • Price Per SqFt: $732/SqFt

Tax Information:

  • Annual Amount: $23,975
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

1445 Calumet Ave vs Los Angeles

210 DAYS ON ROCKET

+176 Days

$2,300,000

+$1.3M More

$732/SqFt

+$100 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $100/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23314985

Listing Office:

  • Office Name: Sotheby's International Realty
  • Office Phone: (323) 665-1700
  • Listing Agent: Emily Johnson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 9:20:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 08, 2000Home Sold
$228,000

Tax History

YEARPROP. TAXASSESSMENT
2021$23,975$1,970,820
2020$23,266$1,950,613
2019$23,183$1,912,366
2018$22,639$1,874,870
2017$22,639$1,838,108

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4642114
4
/10

  • Betty Plasencia Elementary School

  • 1321 Cortez St

  • 0.24 miles

  • Public Magnet Grades KG-6

school-card-donut-4642115
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 5.17 miles

  • Public Magnet Grades KG-6

school-card-donut-4642116
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 23.64 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-4642117
4
/10

  • Sal Castro Middle School

  • 1575 W 2nd St

  • 0.75 miles

  • Public District Grades 6-8

school-card-donut-4642118
4
/10

  • Studio

  • 2211 W Avenue 30

  • 2.67 miles

  • Public District Grades 6-8

High School

school-card-donut-4642119
3
/10

  • Edward R. Roybal Learning Center

  • 1200 Colton St

  • 0.55 miles

  • Public District Grades 9-12

school-card-donut-4642120
2
/10

  • Belmont Senior High School

  • 1575 W 2nd St

  • 0.75 miles

  • Public District Grades 9-12

school-card-donut-4642121
1
/10

  • Contreras Learning Center-Los Angeles School of Global St

  • 322 Lucas Ave

  • 0.86 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,176. Residents of Los Angeles, CA typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1445 Calumet Ave

What is the listing price of this property?

The listing price of 1445 Calumet Ave property is $2,300,000.

What type of property is this?

The property 1445 Calumet Ave is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 1445 Calumet Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1445 Calumet Ave are:
Betty Plasencia Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Sal Castro Middle School: GreatSchools Rating 4/10
Studio: GreatSchools Rating 4/10
Edward R. Roybal Learning Center: GreatSchools Rating 3/10
Belmont Senior High School: GreatSchools Rating 2/10
Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $23,975 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 8, 2000 for $228,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1445 Calumet Ave has 7 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 1445 Calumet Ave is 3,144 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1445 Calumet Ave is 1922.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›1445 Calumet Ave

This home is located at 1445 Calumet Ave in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 3,144 square foot home, which was built in 1922, sits on a 0.15 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 05, 2023 and is currently priced at $2,300,000.

While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.

From Rocket Homes Real Estate and based on county public records data.

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